Shock Therapy: Day 2 of the frigid treatment

Today was worse than yesterday; I knew how cold the water would be, so I was both prepared and unprepared for what followed next.

It was not easier, and the water seemed to have had a vengeance after I challenged it yesterday. I almost did not do the cold shower, but I could not bear the thought of an empty blog post.

And I lied in yesterday's post; I do know why I am attempting this feat. Apparently cold showers help improve immunity and so on. So, yes, I do want to see by how much my immunity will be improved by these frigid mornings.

And once I get through the process, I will be able to answer some questions, does "cold" give you a "cold"?

Comments

Opportunities and challenges presented by the AfCFTA

President Kenyatta joined other African heads of state on March 21 in signing the #AfCFTA. What does this mean for Kenya? It means that Kenya's goods and services could have a broader market to sell to. It also means that locally made goods and services will face increased competition from similar products in the African market, especially if other countries have a comparative advantage. What is the projected net effect of these two sides of trade? Well, it's difficult to predict. It depends on which goods are on the schedule of reduction of tariffs both for other countries and Kenya. Pres. Kenyatta signs the AfCFTA Image courtesy of PSCU Looking at other similar regional pacts such as North America's #NAFTA or the EU, we can see that trade between countries increases many fold. But as in the case of Mexico which saw the bankrupting of peasant farmers due to cheap corn and other agricultural produce from subsidized American farms, the aggregate effect might be po...

Day 2: To Bali, New Year's Eve

We spent most of new year's eve in transit. We left Ibis Styles Hotel at 10.30am, got to Jakarta international airport, got our tickets to Denpasar (in Bali) and left for Bali about 2.30pm (about 30mins late due to air traffic density at the airport) In transit at Jakarta Airport domestic departures; after check-in on the way to Denpasar Photobombed by Tom Hilde and Tom Jones We arrived in Denpasar around 7pm, where we met with Sunday who had arranged our transportation to Ubud. It took us the next hour and a half weaving through ever narrowing roadways towards Ubud, which is our home for the next six days. The driving in Bali immediately reminded me of Nairobi. Traffic wasn’t too bad, but driving a car involved checking both sides of the mirror because scooters, mopeds and motorbikes weave in and out of lanes at breakneck speed, with little warning or caution. Further, while passing huge vehicles like buses and lorries, our drive honked twice to let the other car know...

Analyzing a carry trade proposal: Short USD, go long on bitcoin

I recently completed an assignment for an International Economics Policy class which entailed designing a carry trade. A carry trade is a financial transaction that involves borrowing (short) in a low interest currency, and lending (go long) in a high interest (yield) currency. For instance from Bloomberg 's rates for bonds, this would involve borrowing in Swiss francs (rate is -0.15 percent) and lend in New Zealand dollars (rate is 2.83 percent). All else remaining equal, the carry trade would yield a rate differential of 2.83+0.15 = 2.98 percent. Note: this is an unusual case where the interest rate we are borrowing from is negative; usually, this would involve subtracting the first interest rate from the second. For instance, borrowing in Japanese yen (0.04 percent) and lending in Kiwi dollars (at 2.83 percent) would yield 2.79 percent as profit. My carry trade in this case involves borrowing in USD at a rate of 2.33 percent, and buying bitcoins. But, what, you may ask, is the...

Munene, the journey...

Search This Blog